The US is expected to contribute 57% of total LNG liquefaction capacity additions between 2022 and 2026.
That’s according to data and analytics company GlobalData, which predicts that the US will add a new build LNG liquefaction capacity of 220.3 million tonnes per annum (mtpa) by 2026.
GlobalData’s predictions follow a number of countries looking to cut reliance of Russian gas, following the country’s invasion of Ukraine. With this, it is expected countries, such as the US, will see increased demand for LNG and other fuels alike.
Himani Pant Pandey, Oil and Gas Analyst at GlobalData, said, “LNG developers in the US are incentivised by ever-growing demand for natural gas worldwide, especially in the Asian and European regions.”
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